Checklist: Starting a Non-Profit Corporation

If you are thinking of starting a non-profit corporation, below is a checklist of steps to take before you open for business. Keep in mind that your non-profit's start-up requirements might vary from the list below, depending on the specific type of business you are in, and where your business is located.

Decide on a business name for your non-profit corporation. Keep in mind that your state may require that your non-profit corporation's name include an identifying word such as "incorporated," "limited," "corporation," or an abbreviation of such a term. (Learn more: Pick a Winning Name for Your Business)

Incorporating can be a benefit to your new non-profit organization in the long run -- most notably if your business obtains tax-exempt status -- but the incorporation process can be complicated. To ensure that your new non-profit complies with your state's legal requirements at all steps in the incorporation process, you may wish to consult an experienced business attorney. Click here to learn more.

Next Steps

Contact a qualified business organizations attorney to help youchoose the best formation for your business. (e.g., Chicago, IL or 60611)